“If your income has recently dropped, you may appeal to the SSA for a lower premium. The IRS may be providing the SSA with older data that needs to be updated,” said James B. Twining, CFP, founder, and CEO of Financial Plan Inc. The hold-harmless provision also protects beneficia...
If the SSAoverpays your Social Security benefits,the agency will notify you of possible repayment options as well as your appeal and waiver rights. About 30 days later, the agency will begin to withhold the full amount of your benefits each month until the overpayment amount is rec...